SPACE-TIME LAGS: SPECIFICATION STRATEGY IN SPATIAL REGRESSION MODELS

Fernando A. López Hernández and Coro Chasco Yrigoyen ()
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Fernando A. López Hernández: Universidad Politécnica de Cartagena

Econometrics from EconWPA

Abstract: he purpose of this article is to analyse the dynamic trend of spatial dependence, which is not only contemporary but time-lagged in many socio-economic phenomena. Firstly, we show some of the commonly used exploratory spatial data analysis (ESDA) techniques and we propose other new ones, the exploratory space-time data analysis (ESTDA) that evaluates the instantaneity of spatial dependence. We also propose the space-time correlogram as an instrument for a better specification of spatial lag models, which should include both kind of spatial dependence. Some applications with economic data for Spanish provinces shed some light upon these issues.

Keywords: Spatial dependence; spatial diffusion; ESDA; correlogram; Spanish provinces (search for similar items in EconPapers)
JEL-codes: C21 C33 C51 C53 O18 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ure
Date: 2004-11-08
Note: Type of Document - pdf; pages: 21
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpem:0411005

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